I understand that tax-savings investment should fit the overall portfolio. But could you cite a few examples? Suppose that you are investing to create a retirement corpus or an education fund for your kids. In the process of doing so, you will have to make a variety of investments.
Within this portfolio of investments, assume you are making some mutual fund investments. Within the mutual fund investments, assume you are making some diversified large-cap allocation. In this case, you may consider using an equity-linked tax saving (ELSS) fund as a part of your diversified large-cap ...
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